Pennsylvania SB323 establishes the Keystone National Finance Authority to finance economic development projects.
Pennsylvania SB323 creates the Keystone National Finance Authority, an independent agency, to finance economic development projects. The authority can issue bonds, enter into contracts, and acquire property. It aims to promote job creation, economic growth, and revitalization of blighted areas. The authority's board comprises nine members appointed by various state officials and legislative leaders. The authority can issue tax-exempt and taxable bonds, with proceeds used for project costs, working capital, and other expenses.
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